EU: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in the EU

In 2021, the EU silicon dioxide market decreased by -1% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Silicon Dioxide Production in the EU

In value terms, silicon dioxide production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. As a result, production attained the peak level of $X, and then declined in the following year.

Silicon Dioxide Exports

Exports in the EU

For the fourth consecutive year, the European Union recorded growth in overseas shipments of silicon dioxide, which increased by 61% to X tons in 2021. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.0% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.1% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), France (X tons), Spain (X tons), Poland (X tons) and Belgium (X tons) were the largest exporters of silicon dioxide, together making up 90% of total exports. Italy (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest silicon dioxide supplier in the European Union, comprising 42% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 12% share.

In Germany, silicon dioxide exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (0.0% per year) and the Netherlands (+8.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, waning by -9.2% against the previous year. In general, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2017 an increase of 10% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.5%), while the other leaders experienced mixed trends in the export price figures.

Silicon Dioxide Imports

Imports in the EU

In 2021, overseas purchases of silicon dioxide were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 when imports increased by 15%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, silicon dioxide imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of silicon dioxide, namely Germany, the Netherlands, Poland, France, Italy, Belgium, the Czech Republic, Slovakia, Romania, Spain, Hungary and Portugal, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 40% of total imports. These countries were followed by Poland, Belgium, Italy, the Czech Republic, Spain, Romania, Slovakia, Hungary and Portugal, which together accounted for a further 48%.

In terms of the main importing countries, Hungary, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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